
Brazil’s Copom maintained the Selic rate at 13.75%, ending its rate-cut cycle amid deteriorating inflation expectations and adopting a cautious stance. The article reports revised exchange-rate forecasts of R$5.30 per dollar at the end of 2026 and R$5.50 at the end of 2027, alongside changes to Brazilian stock-market expectations and discussion of quarterly earnings and the US midterms.
Higher rates for longer and currency uncertainty can affect Brazil’s import costs and feed buyers’ purchasing decisions, but the article describes macroeconomic forecasts rather than a direct commodity-market driver.
After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.